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2023
Flag → Flag
Exports $85.5BRnk 1 / 220
2023
Flag → Flag
Top Product $10.4BPackaged Medicaments
2023
Flag → Flag
Exports $41.4BRnk 11 / 220
2023
Flag → Flag
Top Product $5.5BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

India-United States Trade: In 2023, India exported $85.5B to United States. The main products that India exported to United States were Packaged Medicaments ($10.4B), Diamonds ($7.61B), and Broadcasting Equipment ($6.18B). Over the past 5 years the exports of India to United States have increased at an annualized rate of 9.06%, from $55.4B in 2018 to $85.5B in 2023.

In 2023, India did not export any services to United States.

United States-India Trade: In 2023, United States exported $41.4B to India. The main products that United States exported to India were Crude Petroleum ($5.5B), Coal Briquettes ($4.61B), and Gas Turbines ($2.39B). Over the past 5 years the exports of United States to India have increased at an annualized rate of 4.9%,  from $31.1B in 2018 to $41.4B in 2023.

In 2017, United States exported services to India worth $22.7B, with Travel ($12.2B), Royalties and license fees ($2.29B), and Financial services ($2.09B) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $5.71B and imported $3.75B from United States, resulting in a positive trade balance of $1.96B. Between November 2023 and November 2024 the exports of India have decreased by $-162M (-2.77%) from $5.87B to $5.71B, while imports increased by $102M (2.81%) from $3.65B to $3.75B.

Trade In November 2024, the top exports of India to United States were Pearl, Precs, Semiprecs Stones ($594M), Petroleum Products ($522M), Drug Formulations, Biologicals ($488M), Telecom Instruments ($320M), and Rmg Cotton Incl Accessories ($247M). In November 2024 the top imports of India from United States were Petroleum: Crude ($1.2B), Pearl, Precs, Semiprecs Stones ($366M), Petroleum Products ($262M), Coal,Coke And Briquittes Etc ($243M), and Electric Machinery And Equipme ($152M).

Growth In November 2024, the decrease in India's year-by-year exports to United States was explained primarily by an decrease in product exports in Pearl, Precs, Semiprecs Stones ($-358M or -37.6%), Electric Machinery And Equipme ($-211M or -55.8%), and Cotton Fabrics, Madeups Etc. ($-84.9M or -30.9%). In November 2024, the increase in India's year-by-year imports  from United States was explained primarily by an increase in product imports  in Petroleum: Crude ($778M or 183%), Petroleum Products ($81.4M or 45.1%), and Iron And Steel ($73M or 139%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-162M(-2.77%)
IMPORT GROWTH (November 2023 - November 2024)$102M(2.81%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check United States and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $85.5B to United States. The main products exported from India to United States were Packaged Medicaments ($10.4B), Diamonds ($7.61B), and Broadcasting Equipment ($6.18B). During the last 5 years the exports of India to United States have increased at an annualized rate of 9.06%, from $55.4B in 2018 to $85.5B in 2023.

In 2018, United States exported $41.4B to India. The main products exported from United States to India were Crude Petroleum ($5.5B), Coal Briquettes ($4.61B), and Gas Turbines ($2.39B). During the last 5 years the exports of United States to India have increased at an annualized rate of 4.9%, from $31.1B in 2023 to $41.4B in 2018.

Exports from India (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
United States
Top DestinationCanada$269B

This map shows whether countries import more from India or United States. Each country is colored based on the difference in imports they receive from India and United States or the difference in the growth in imports.

In 2023, countries that imported more from India than United States included Bangladesh ($11.3B), Nepal ($7.25B), and United Arab Emirates ($28.8B).

In 2023, countries that imported more from United States than India included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and India (Flag) (2023)

Comparative Advantage India - United States

Flow
Scale

This chart compares trade between India and United States by product, considering products traded by both, India and United States.

During 2023, India had a large net trade with United States in the exports of Machines ($18.6B), Chemical Products ($16.4B), and Precious Metals ($12.2B).

During 2018, United States had a large net trade with India in the exports of Mineral Products ($13.7B), Machines ($7.05B), and Chemical Products ($4.38B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India United States+$3.85BRefined Petroleum
Top Product Potential United States India+$3.59BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and United States. This means that a dot/product with the flag of India indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over India.

Product Space of India (Flag) and United States (Flag) (2023)

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